Not known Factual Statements About 44 cash
Not known Factual Statements About 44 cash
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If an assessee fulfills any of the subsequent conditions, then they need to retain guides of accounts and have accounts audited below area 44AB:
Presumptive taxation scheme allows the taxpayers declare their taxable money in a prescribed fee no matter actual earnings/gains and subsequently relieves them in the burden of maintaining regular books of account and obtaining the exact audited.
Presumptive taxation plan relieves little taxpayers from keeping common guides of account and have them audited. Threshold boundaries beneath 44AD and 44ADA improved in Finances 2023.
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